Brief: Snam to present updated business plan between February and March
05/11/2025 16:22
Nov 5 (Reuters) - Snam SpA SRG.MI CFO Luca Passa tell analysts in post-results conference call: SNAM EXEC: GROUP SUBMITTED APPLICATION FOR EU GRANT OF MORE THAN 300 MILLION EUROS FOR CARBON CAPTURE & STORAGE PROJECT ITALY'S SNAM CFO: OUR EXPECTATION IS TO HAVE ANSWER ON GERMANY'S OGE ACQUISITION BY NOVEMBER 17 ITALY'S SNAM CFO: GROUP PLANS TO TAKE FINAL INVESTMENT DECISION ON INDUSTRIAL PHASE OF CARBON CAPTURE PROJECT BY EARLY 2027 SNAM CFO: GROUP WILL PRESENT UPDATED BUSINESS PLAN AROUND END OF FEBRUARY, BEGINNING OF MARCH 2026 SNAM CFO: EXPECTS INVESTMENT FOR AROUND 700 MILLION EUROS FOR LNG INFRASTRUCTURE IN SARDINIA SNAM CFO: GROUP HAS HIRED ADVISERS TO SELL ITS BIOMETHANE PLATFORM, WILL BE ON THE MARKET SOON AFTER YEAR-END SNAM CFO: WE EXPECT GAS DEMAND IN ITALY TO BE 64 BILLION CUBIC METRES THIS YEAR AND REMAIN STABLE UNTIL 2030 Further company coverage: SRG.MI (Reporting by Milan Newsroom) ((cristina.carlevaro@thomsonreuters.com; +39 02 66129585;))